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Charlotte, NC FHA Loans in North Carolina

FHA loans differ from conventional loans in a number of ways. The down payment required for an FHA-insured loan is usually much lower than for conventional loans. FHA loans also have lower credit requirements than conventional loans, making them more available to a wider range of potential homebuyers.

 

FHA loans offer Charlotte, NC residents several other valuable benefits, not least of which is those aforementioned smaller down payments. Unlike a conventional loan, which ordinarily requires 10-20% down, FHA-insured loans only require down payments as low as 3-5%. The FHA is also more flexible in calculating factors to determine whether or not to approve the loan, factors such as household income and repayment ratios.

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Charlotte, North Carolina News
Gang-tied activity rising in Charlotte

A youth shoots at another because of his rival gang tattoo. A gang member spray-paints a school wall.


Overnight murder puts city past '07 total

Charlotte recorded its 75th murder of the year overnight, surpassing the total from all of 2007, and the most recent homicide was like most of that that preceded it -- the victim and suspect knew one another.


Manhunt For Suspected Bank Robber In East Charlotte

FBI agents and Charlotte-Mecklenburg Police officers spent hours looking for a wanted bank robber in East Charlotte.


Color the season

Zoe Pruitt, 13, a previous winner. It's time to dig out the crayons and paint for the Observer's seventh annual Holiday Card Contest.


Bicyclist hit, killed in Charlotte

A bicyclist was struck and killed by a car this afternoon in north Charlotte. The collision was reported shortly after 2 p.m. in the 7100 block of North Tryon Street.


Space Heater Blamed For North Charlotte Fire

SPACE HEATER SAFETY TIPS Keep all space heaters at least 3 feet away from household combustibles.


Local Reaction to India Attacks

The attacks in Mumbai, India, are effecting many people in Charlotte. Members of Charlotte's BAPS temple estimate the Charlotte area is home to 4,000-5,000 Indians.


Man injured in nightclub shooting

A Charlotte man has been hospitalized after a shooting at a North Tryon nightclub early Saturday morning.


Tree is celebrated 60 years later

Hans Christian Andersen never penned a fairy tale about an ugly sapling, but this one will do.


Charlotte man claims $200K Powerball prize

A 34-year-old Charlotte man has claimed a $200,000 Powerball prize, two weeks after buying the winning ticket at a Fort Mill convenience store, S.C. lottery officials announced Wednesday.


Two Workers Plunge Over Twenty Feet At South End Charlotte Construction Site

Two construction workers sustained serious injuries Friday morning when they fell from a construction site in Charlotte's South End.


Fatal shooting in east Charlotte

Charlotte-Mecklenburg police are investigating an early-morning shooting in east Charlotte that would tie or surpass the city's murder total from last year.


Another trash can fire

Police are investigating another trash can fire. The latest fire happened on Scaleybark near Hartford Avenue.


Visionary

As church celebrations go, it was a first-class fete on a recent Sunday: a black-robed choir of 100-plus voices, a parade of people offering testimonials, a rousing guest preacher urging the 2,000 worshippers ...


Three shot, one dead in home invasion

A Charlotte-Mecklenburg Police investigator exits a house on Jefferson Davis St.


3 Club Onyx dancers face drug charges

Three dancers at a popular Charlotte club have been indicted on drug charges. Police say the indictments come as part of an ongoing effort to keep tabs on Club Onyx, which is located on Old Pineville Road near ...


Gastonia pedestrian struck by car

A 58-year-old Gastonia man trying to cross a street was severely injured when he was struck by a car Tuesday morning, police said.


Police Seek Hit-And-Run Driver That Struck Teen

Police are looking for a driver who hit and seriously injured a 15-year-old boy in east Charlotte early Tuesday.


Serial rapist pleads guilty, receives "extremely long" sentence

More than four years after authorities say he first struck, serial rapist Jose Rivera-Mejia has pleaded guilty to charges that will send him to prison for "an extremely long" time, according to the Mecklenburg ...


Robbery suspect arrested after pursuit

Police arrested a robbery suspect in northwest Charlotte Sunday after chase. According to police, the suspect robbed the Busy Bee Mini Mart on Hoskins Road at gunpoint and then sped off going near 100 mph with ...


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